OneLife Botanicals was left with just two customers after its acquisition of MediPharm Labs Australia in 2022 and has suffered accumulated losses of around A$13 million since the deal was completed, according to an administrator’s report.
Andrew Grant, the director of two wholly-owned OneLife subsidiaries which are currently in administration – OneLife Labs and OneLife Cultivation – claimed MediPharm redirected overseas customer orders to other manufacturing facilities following the $7.25m acquisition.
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